In 2012, Dfcu Bank established the Women Business Advisory Services to press for women’s economic empowerment while increasing their financial literacy as well as creating business linkages for them. Through these advisory services at the dfcu WiB Centre, regular customized workshops are undertaken in fields such as; financial advisory, business to business linkage advisory, marketing and branding, legal advisory and human resource advisory.
The fortunes of over 400 women involved in trade and agribusiness are set to improve this month, after DFCU, through its Women in Business (WiB) programme, enrolled them for a financial literacy course.
This development that is part of Dfcu Bank’s celebrations for the 2018 Women’s Day comes at the back of growing efforts by different organisations to empower more women as means to fasten economic transformation from the family to national levels.
The trainings that will be held in Kampala, Mbale, Gulu and Mbarara districts this month and participants are expected to equip women entrepreneurs with skills on how to start up businesses as well as manage the challenges that are in the business environment.
Speaking during the first financial literacy training session in Nakasero downtown Kampala, Dfcu Bank’s head of consumer banking, Denis Kibukamusoke said: “The gender imbalances in accessing credit continue to be of major concern to women.”
“The majority of women tend to have low financial literacy levels and therefore have challenges documenting their business, articulating their plans and projections, which are key in assessing bank credit.Since inception of the Women in Business program over 4,000 women have benefited from the dfcu WiB loans but this number could be a lot better.
“For Dfcu Bank, helping women to overcome financial barriers while supporting them in their quest for growth is not just a business proposition; it is in fact an obligation,